Besides choosing the Volvo model that is right for you and your family, one of the biggest decisions that you’ll make here at Fields Volvo Cars of Northfield is whether to buy or lease. Like many other decisions in life, there is no cut and dry correct answer to the buying vs. leasing conundrum, as there are pros and cons to each choice.
Here at our dealership, our friendly finance representatives are happy to navigate you through a Volvo lease and let you know when it is more advantageous to buy.
Leasing a Volvo Car
You can think of leasing a Volvo as being similar to a long-term car rental. You’ll put down a small down payment in order to lease the vehicle, and then you'll pay a monthly fee to the entity that owns that lease until the lease period ends (typically 36 months).
Here are some advantages of leasing a 2020 Volvo XC40 or another Volvo car instead of buying:
-
Lower monthly payments
-
Driving a car during its most trouble-free years
-
Manufacturer’s warranty may include free oil changes and other scheduled maintenance
-
Driving a more expensive, better-equipped vehicle than you might otherwise be able to afford
-
Simple and easy return process when lease ends
Buying a Volvo Car
On the other hand, ownership is a huge incentive for some drivers near Chicago. Here are some pros of buying a Volvo car:
-
Freedom to customize the vehicle
-
No mileage limits
-
No end-of-lease charges
-
Unlikely to lose out financially
Whether you want to buy or lease a new Volvo, you can do so here at Fields Volvo of Northfield with the help of our friendly dealers. Stop by today to get the process started!